US environmental regulators make it easier to inject carbon underground
What happened
US environmental regulators have updated rules for injecting waste and carbon dioxide deep underground. This change makes it simpler for companies to get permits for these injection wells.
Why it matters
For decades, the rules for injecting anything underground were designed for industrial waste. Now, carbon capture projects can use a more streamlined process. This means it will be faster and cheaper to get permits for burying carbon dioxide, which could accelerate carbon capture and storage projects.
The signal
Watch for an increase in permit applications for carbon injection wells in the next 12-24 months, especially from energy companies.